Overall I am looking for the dollar to drop this week and this bullish Gartley aligns with that idea. Entry is the blue line, stop loss is the red. Since I am looking for a larger move, I am hoping this small-risk entry can get me into a larger term trade. I will move stops to breakeven after a rise equivalent to my risk. Let's see...
Order cancelled:
Never reached the entry. Will watch for next opportunity.
Just noticed this AB=CD confluence, but it may extend a few pips past the stop loss for the Gartley. As I am watching this for a longer term trade I will likely move my stops according to the AB=CD pattern, but if I were trading for just the Gartley targets I would not make this change.
How would you manage in this scenario?